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Dynamic Economic Efficiency of Water Quality Standards or Charges
Author(s) -
Brown Gardner,
Mar Brian
Publication year - 1968
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr004i006p01153
Subject(s) - moment (physics) , quality (philosophy) , function (biology) , nonlinear system , resource (disambiguation) , key (lock) , set (abstract data type) , aggregate (composite) , point (geometry) , environmental economics , computer science , environmental science , water quality , mathematical optimization , mathematics , economics , materials science , computer network , ecology , philosophy , physics , computer security , geometry , epistemology , classical mechanics , quantum mechanics , evolutionary biology , composite material , biology , programming language
If a manager of a given water resource is uncertain of his power to set optimum stream standards or optimum effluent charges at every moment in time, there exist conditions, qualitatively identified, under which it may be dynamically more efficient for him to establish present water quality levels that will be optimum only at some future date than to try unsuccessfully to achieve optimum levels at every point in time. Excess demand functions and an aggregate nonlinear damage function are the conceptual underpinnings of this paper. (Key words: Water quality; dynamic efficiency; management)